https://sputnikglobe.com/20240920/us-sec-to-seek-sanctions-against-elon-musk-in-twitter-probe-court-docs-reveal-1120230355.html
US SEC to Seek Sanctions Against Elon Musk in Twitter Probe, Court Docs Reveal
US SEC to Seek Sanctions Against Elon Musk in Twitter Probe, Court Docs Reveal
Sputnik International
The US Securities and Exchange Commission on Friday indicated in a court filing it could seek to sanction billionaire Elon Musk for failing to testify in its probe of the Twitter social platform that he purchased and renamed X.
2024-09-20T21:17+0000
2024-09-20T21:17+0000
2024-09-20T21:15+0000
world
us
elon musk
us securities and exchange commission (sec)
florida
sanctions
https://cdn1.img.sputnikglobe.com/img/07e7/0a/0b/1114085233_0:0:3072:1728_1920x0_80_0_0_f248447cdea24c193bec2ad403dd1d00.jpg
Citing multiple instances where Musk had failed to respond to opportunities to testify on the $44 billion Twitter deal, the regulator implied in the court action that it was only exercising the notice given to his counsel "that among other things, we may seek sanctions against Mr Musk." At the core of the filing is the decision by Musk to inform authorities that he would not be appearing for a September 10 testimony just three hours prior. Reports indicate that Musk had been present that day in Florida to oversee the launch of the SpaceX Polaris Dawn mission.The SEC wants to query Musk to determine if he broke any federal securities laws when he bought Twitter in 2022 and rebranded it X. Musk has accused the SEC of trying to "harass" him through unwarranted investigations. Additionally, his lawyers have said sanctions action would be "drastic" and unnecessary against their client.
https://sputnikglobe.com/20240909/elon-musk-may-be-summoned-to-uk-parliament-for-questioning-on-x-activities---reports-1120090491.html
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
who is elon musk, what is the us securities and exchange commission,
who is elon musk, what is the us securities and exchange commission,
US SEC to Seek Sanctions Against Elon Musk in Twitter Probe, Court Docs Reveal
WASHINGTON (Sputnik) - The US Securities and Exchange Commission (SEC) on Friday indicated in a court filing that it could seek to sanction billionaire Elon Musk for failing to testify in its probe of the Twitter social platform that he purchased and renamed X.
Citing multiple instances where Musk had failed to respond to opportunities to testify on the $44 billion Twitter deal, the regulator implied in the court action that it was only exercising the notice given to his counsel "that among other things, we may seek sanctions against Mr Musk."
At the core of the filing is the decision by Musk to inform authorities that he would not be appearing for a September 10 testimony just three hours prior. Reports indicate that Musk had been present that day in Florida to oversee the launch of the SpaceX Polaris Dawn mission.
The SEC wants to query Musk to determine if he broke any federal securities laws when he bought Twitter in 2022 and rebranded it X.
Musk has accused the SEC of trying to "harass" him through unwarranted investigations. Additionally, his lawyers have said sanctions action would be "drastic" and unnecessary against their client.
